This Single-Family Tax Lien is located at S Blatchford St, Mc Lean, IL 61754. This property is Tax Lien with an estimated market value of $87,396.
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This single-family property is available as a tax lien at S Blatchford St. Based on our analysis of the current market conditions in Mc Lean for S Blatchford St and comparable listings, the estimated market value is $87,396. If purchased for rental purposes, the monthly rental rate could range between $940 and $1,160. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at S Blatchford St are updated daily along with others in Mc Lean, Illinois.
Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
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There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
The estimated rental value for S Blatchford St located in Mc Lean, IL is $1,082/month. Comparable homes around S Blatchford St that are rentals have monthly ranges starting as low as $940 per month and as high as $1,160 per month. An owner looking to use this property as an investment could bring a return in the area of $940 - $1,160 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
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